University of Chicago
University of Chicago
University of Chicago
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$4,888,334,650
Program Services
43%
Government Grants
35%
Contributions
11%
Other
9%
Investments
2%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$5,247,378,934
Salaries & Benefits
55%
Grants
14%
Offices, Occupancy & IT
10%
Other
9%
Depreciation
4%
Fees to Service Providers
4%
Interest
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$571,813,784
$518,250,750
-9%
Government Grants
$1,772,029,169
$1,733,354,278
-2%
Fundraising Events
$190,070
$1,544,083
+712%
Program Services
$1,966,181,580
$2,098,440,941
+7%
Membership Dues
$0
$0
-
Investments
$82,636,970
$84,210,980
+2%
Other
$266,707,638
$452,533,618
+70%
Total Revenues
$4,659,559,211
$4,888,334,650
+5%
Expenses
2023
2024
Change
Grants
$665,449,889
$729,968,199
+10%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,668,602,608
$2,883,777,199
+8%
Fees to Service Providers
$481,841,050
$210,659,498
-56%
Advertising & Promotion
$7,948,839
$7,952,945
+0%
Offices, Occupancy & IT
$445,212,588
$530,515,130
+19%
Interest
$159,775,628
$172,816,159
+8%
Depreciation
$212,402,209
$217,008,843
+2%
Other
$187,708,490
$494,680,961
+164%
Total Expenses
$4,828,941,301
$5,247,378,934
+9%
Net income
2023
2024
Change
Net income
-$169,382,090
-$359,044,284
-112%
Functional Expenses
Summary
2023
2024
Change
Program
$4,033,220,237
$4,397,000,185
+9%
Admin
$723,213,318
$771,733,997
+7%
Fundraising
$72,507,746
$78,644,752
+8%
Total Expenses
$4,828,941,301
$5,247,378,934
+9%
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